Announcement under Regulation 30 (LODR)-Press Release / Media Release

Dear Sir / Ma'am, In accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the press release on 'RateGain selected by Sonder Holdings Inc. to Expand Corporate Travel Access on the Global Distribution System'. Please take the above information on record.

4 days ago

PRESS RELEASE

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  • NEW DELHI, 21 st September – RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, announced today that it has been selected by Sonder Holdings Inc. (NASDAQ: SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, to strengthen its presence on the Global Distribution System (GDS).

  • “Partnering with Sonder will give their inventory the broadest exposure to all distribution channels, including the top GDS platforms, at a time when demand for corporate travel is rebounding, and business travelers are seeking new accommodation options which break the mold of a traditional hotel,” said Chinmai Sharma, President – Americas at RateGain.

  • A Sonder survey of US travelers earlier this year found that 92% of business travelers consider the design of their accommodation important, 11 points higher than all travelers surveyed.

  • “Today’s travelers expect reliable and frictionless service, and Sonder is committed to delivering the same.

  • RateGain’s connectivity switch platform’s experience in providing agility, scale, and consistency to hospitality leaders across the world, made it a natural choice for our team to select them”, said Kristen Richter, Vice President of Sales at Sonder.

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    Mentioned Phrases & Organizations

    Important keywords detected (20+)

    travel (13)
    rategain (10)
    hospitality (8)
    global (6)
    travelers (6)
    hotel (5)
    including (5)
    top (5)
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    world (4)
    business (4)
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    travel hospitality (4)
    new (3)
    technologies (3)

    Organizations identified (6+)

    Sonder (8)
    NASDAQ (2)
    SOND (2)
    Global Distribution Systems (1)
    RateGain (1)
    Hotel Chains (1)

    Tables extracted (1)

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